Global brokerage UBS has maintained its ‘Buy’ rating on the stock and assigned a price target of ₹5,600 per share, implying a potential upside of nearly 28% from current levels.
According to UBS, its channel checks indicate that Titan could be headed for another strong growth quarter.
The brokerage believes jewellery revenue growth of 35-40% remains a realistic possibility, suggesting that the momentum witnessed in the third quarter of FY26 has continued into the current quarter.
UBS also highlighted the resilience in the studded jewellery segment. After growing 35% year-on-year in the fourth quarter of FY26, the segment appears to be maintaining a similar growth trajectory in the first quarter of FY27.
The brokerage said that this performance is particularly encouraging because Q1 FY27 is not a studded jewellery promotion quarter, unlike Q4 FY26. As a result, UBS expects another robust quarter for Titan’s jewellery business.
It also highlighted resilient consumer demand despite customs duty-related concerns, while the watches segment continues to provide incremental support to overall growth.
Analyst sentiment remains overwhelmingly positive. Of the 37 analysts tracking the stock, 30 have a ‘Buy’ rating, five recommend ‘Hold’, while two have a ‘Sell’ rating.
Titan shares were trading 0.34% higher at ₹4,387.40 apiece at 9:32 am after opening on a subdued note. The stock has gained more than 8% so far in 2026.
